Question 1)

GlynnCo, a 20X1 start-up that uses the periodic method and weighted-average costing, makes the following merchandise purchases:

20X1	Units	Unit cost
March	400	$3.00
August	600	$3.50
20X2
February	550	$4.00
October	100	$5.05

At the end of 20X1, there are 350 units in ending inventory. If, in 20X2, GlynnCo sells 800 units, what is the 20X2 cost of goods?

$3,110

$3,074

$3,088

$3,329.23

$3,620

Question 2) Alison Inc., which uses the perpetual method and moving-average costing, shows the following activity for January:

		Quantity	Unit Cost
January 1	beginning inventory	140	$6
January 8	sale	100
January 15	purchase	60	$5
January 20	sale	80
January 25	purchase	180	$4.50

What is the cost of goods sold for the month?

$930

$1,032

$923.40

$862.20

$916.67

Question 3) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchase and sale transactions for March:

Date	Activity	Units acquired at cost	Units sold at retail
March 1	beginning inventory	100 units @ $50/unit
March 5	purchase	400 units @ $55/unit
March 9	sale		420 units @ $85/unit
March 18	purchase	120 units @ $60/unit
March 25	purchase	200 units @ $62/unit
March 29	sale		160 units @ $95/unit
	TOTALS	820 units	580 units

Compute the ending inventory for the month using LIFO.

	$14,800
		$32,920
		$31,800
		$50,900
		$32,248
		$13,680

Question 4) TuCo, which uses the periodic method and FIFO costing, makes the following purchases during the year:

March	700 widgets at $7.00 each
June	900 widgets at $8.00 each
September	200 widgets at $9.00 each

The company did not have a beginning inventory. If a year-end physical count shows 400 widgets on hand, TuCos income statement will report COGS of:

$2,800
		$3,400
		$10,500
		$11,100
		$3,200

Question 5) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchase and sale transactions for March:

Date	Activity	Units acquired at cost	Units sold at retail
March 1	beginning inventory	100 units @ $50/unit
March 5	purchase	400 units @ $55/unit
March 9	sale		420 units @ $85/unit
March 18	purchase	120 units @ $60/unit
March 25	purchase	200 units @ $62/unit
March 29	sale		160 units @ $95/unit
	TOTALS	820 units	580 units

Compute the cost of goods sold for the month using LIFO.

$32,248

$32,920

$31,800

$14,800

$13,680

$50,900

PLEASE ANSWER ONLY IF YOU CAN ANSWER ALL OF THESE, DON'T ANSWER ONLY FIRST AND WRITE "IT IS THE POLICY OF CHEGG".

I know the policy and you should know that there are teachers on Chegg who solve all the questions, so spare this for them don't attempt.

I will upvote you if all the questions will be correct.